JACK GILBERT, NEW MODEL ADVISER
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The chancellor's interest in a 'British ISA' lift the FTSE 250 to a year-to-date high on hopes of a boost for neglected domestic stocks.
By Michelle McGagh, Gavin Lumsden
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The FTSE 250 index jumped to a 2024 high after the chancellor’s consultation on a ‘British ISA’ raised hopes of a boost for neglected UK ‘mid-cap’ stocks.
The benchmark, which measures the moves of the 250 shares below the FTSE 100, advanced 1.3%, or 249 points, to19,521, ahead of the blue chip index which extended its gains to 0.6%, or 46 points higher, at7,692.
Real estate companies rallied afterchancellor Jeremy Hunt lowered the amount of capital gains tax on property sales to 24% from 28%.
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